Dutch Scrypt Mining Company Declared Bankrupt
Mining ASICs Technologies (MAT) was declared bankrupt by a Maastricht, Netherlands, judge on 30th December, one week after company CEO Marc Coumans filed for bankruptcy. CoinDesk confirmed MAT's filing with Mr CFMP Spreksel, the curator in charge of overseeing the management and liquidation of the company's assets. The Dutch ASIC manufacturer began to take pre-orders for its line of Scrypt-based miners in March of last year, and announced plans to expand its production line to include SHA-256 miners for bitcoin mining as well. To produce the required chips, MAT said it had secured a....
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